Beaumont is a beautiful city east of Houston that is a great place to live. It has a diverse and historical background and is home to the first major oil discovery in the country.1 It’s home to stunning architecture, amazing cuisine, and family activities like the St. Anthony Cathedral church and the Tyrrell Historical Library. If you’re asking yourself, can I afford senior living in Beaumont, TX, you’re not alone.
Calder Woods is a full-service senior living community in Beaumont where you can enjoy the retirement you’ve always wanted. Our community features independent and assisted living programs where you can enjoy spacious floor plans and a wide range of personal services and amenities. Each program is tailored to your current health levels and can adapt as your health changes.
Fill out our cost calculator for senior living in Beaumont, TX, then call 409.407.7636 today to schedule a tour.
The Cost of Senior Living in Texas
Seniors living in Texas have many different options for senior living. There are independent homes where you can choose a spacious floor plan, assisted living homes for those who need more attention, and other care options. A full-service senior living community with a full complement of features will have:
- Independent and assisted living programs
- Memory care programs
- Short and long-term rehab
- Respite care programs
The cost of senior living in Texas is cheaper, but it depends on the type of care you need. Independent and assisted living programs in Houston can range from $3,988 – $4,300 per month. If you need full-time support, it can add an additional $633 – $1,388 per month, depending on the type of care necessary.
If you are considering the cost of senior living in Texas, you should schedule a tour at Calder Woods. Our senior living community welcomes Texas seniors of all ages who want a community where they are close to friends while having access to quality medical care.
Can I Afford Senior Living in Beaumont, TX?
Seniors looking for an enriching retirement will find many ways to pay for it. One of the safest options is to pay for the cost of senior living by yourself.
Here are several options for paying for senior living in Beaumont, TX:
Private Funding
You can use personal savings accounts, social security benefits, pension payments, and retirement plans to help reduce the cost of senior living. You can use your 401K to transfer to an IRA, withdraw a lump sum, convert into annuities, or take the required minimum distributions.
Selling Your Home
If you don’t have any children or anyone to gift the home to, selling your home is a great option for your retirement. Selling your home adds funds to your account that you can use to cover the cost of senior living in Texas. Plus, you save on maintenance costs, landscaping, housekeeping, and lawn care, which can add up.
Long-Term Care Insurance
This coverage option is for those with chronic medical conditions who are unable to cover the cost of senior living. It generally covers assisted living programs, memory care, respite care, and short and long-term rehabilitation.
U.S. Veteran’s Affairs
For seniors who served, they can use the amount to cover the cost for members and surviving spouses. It generally covers up to $2,400 for members and spouses and $1,900 for any surviving member.
Life Insurance
If you have a life insurance policy, you can use part of that to pay for the cost of senior living. In Texas, there are generally no income taxes that you will need to pay against the lump sum.
Other Options
In addition to private funding, there are government programs, home equity, pensions, reverse mortgages, and other ways to cover the cost of senior living in Texas.
Calder Woods: Tour Our Senior Living Community in Beaumont, TX, Today
Can you afford senior living in Beaumont, TX? The answer is a little complex, but there are many ways that you can afford the cost of senior living. Once you figure out that you can, a vibrant senior living community is waiting for you.
Calder Woods is located on Calder Avenue and Pinchback Road, just south of the Beaumont Municipal Athletic Complex. After you tour our beautiful community, we’ll discuss our care plans and help you choose the right program for your activity level today and in the future.
Come see what senior living is like by calling 409.407.7636 today and scheduling a tour of your new home.
Source:
1. Beaumont CVB